GOLD
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0.51% $1,391.7 gold futures

I have entered gold as a swing trade today about 1 hr ago for...

  1. Calvo
    10,578 Posts.
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    16/06/09
    18:28
    Post #: 5286866
    I have entered gold as a swing trade today about 1 hr ago for the first time since I traded LGL back in April 09.

    Physical demand at current levels is there but not strong enough yet and everything will weigh on the USD.

    Yes there is potential for more falls to trade back to its 200ma, but my initial entry at the 100ma is satisfactory.

    The EURO needs to be watched it's trading in a strange ol' H & S pattern which could trigger more USD buying.

    Having said that, a low USD is good for foreign buyers of US debt. So who knows?

    I am in.
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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